Newsig · CNBC
U.S. suspends Microsoft, Adobe from green-card labor program in foreign worker crackdown
Labor Secretary Keith Sonderling cited "multiple active federal investigations" around the two companies' involvement in the program Thursday.
Why it matters
MSFT (Microsoft) · Why linked: The U.S. Labor Department suspended Microsoft from a federal labor program amid active investigations. Market context: The suspension raises regulatory, recruitment, and compliance risks for Microsoft.
ADBE (Adobe) · Why linked: The U.S. Labor Department suspended Adobe from a federal labor program amid active investigations. Market context: The suspension raises regulatory and operational risks for Adobe.
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